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president obama has said he will not negotiate with republicans over raising the debt ceiling. and yet they say that he's going to have to and they're going to make commands on him if he wants to raise it. are liberals going to say that obama is caving way too soon? >> he's already caved. already by allowing this to go to another day, that was a cave-in. we've heard him say how many times he won't negotiate with republicans. i love this idea. and i think you know, people are saying it is crazy but the other side what they're going to do is very, very crazy. but the president doesn't like to do things like this. and i can't see him actually doing it. >> john: going big? >> i can't see it happening. >> john: let's move on to another fight the president is about to face, the nomination of chuck hagel former republican senator from nebraska, for secretary of defense. rick, what makes chuck hagel harder to get confirmed? his anti-gay comments from 15 years ago his reference to the jewish lobby or the fact that obama likes him for the gig? >> probably the last. because this is all ab
president obama has said he will not negotiate with republicans over raising the debt ceiling. and yet they say that he's going to have to and they're going to make commands on him if he wants to raise it. are liberals going to say that obama is caving way too soon? >> he's already caved. already by allowing this to go to another day, that was a cave-in. we've heard him say how many times he won't negotiate with republicans. i love this idea. and i think you know, people are saying it is...
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the debt ceiling again. so last time the white house was looking far $1.2 trillion increase, how much of an increase would you like to see this time. not negotiating which is -- to increase. >> as you know, in the process that we just went through over the so-called fiscal cliff. the president in good faith, negotiated or tried to with the speaker of the house, and in that process lowered his target for revenue significantly, came as they say, half way toward the republicans between the 800 billion that speaker boehner was offering in the 1.6 trillion that the president had initially requested, and that figure was $1.2. something very important occurred, which is the fiscal cliff deal which ensured that higher income americans would either see their income tax top rate turn to -- return to the level of the clinton ear are a. through that a significant amount of revenue has been achieved. it's not enough now anymore than it was when we talked about the reason for achieving enough revenue $1.2 trillion in orde
the debt ceiling again. so last time the white house was looking far $1.2 trillion increase, how much of an increase would you like to see this time. not negotiating which is -- to increase. >> as you know, in the process that we just went through over the so-called fiscal cliff. the president in good faith, negotiated or tried to with the speaker of the house, and in that process lowered his target for revenue significantly, came as they say, half way toward the republicans between the...
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debt ceiling, we have spent that money. that a difficult from verizon that has come due you have to pay. >> you are borrowing more money to spend in the future. we are borrowing money to pay off past debts. no. if we weren't doing more deficit spending, we wouldn't have to borrow more money. the debt ceiling, last one could you say, the debate was messy. we didn't get a downgrade because the results of that debate didn't solve the problem. president obama, after he got his tax increase, the tax part of his balanced approach, when he came out and said, okay, now, the debt ceiling is off the table, not going to negotiate it -- >> because it's spent, right? $16 trillion national debt. that's money that has been committed by congress. it's been committed by the very people who will fight over whether we should pay the bills. you go ahead, say congress committed this money. february 15th, interesting on the debt. 9 billion coming in $52 billion has to be paid. >> $2.5 trillion revenue coming into an annual basis, which equals wh
debt ceiling, we have spent that money. that a difficult from verizon that has come due you have to pay. >> you are borrowing more money to spend in the future. we are borrowing money to pay off past debts. no. if we weren't doing more deficit spending, we wouldn't have to borrow more money. the debt ceiling, last one could you say, the debate was messy. we didn't get a downgrade because the results of that debate didn't solve the problem. president obama, after he got his tax increase,...
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jon: new information on the showdown in washington now over our nation's debt ceiling. take a live look at the national debt clock already over the limit. lawmakers have a few more weeks to get the whole issue sorted out before the government can no longer write checks to pay its bills. president obama insisting he will not negotiate on this. republicans are refusing to budge. and the clock keeps ticking and climbing. let's talk about it now with a man who spent a lot of time looking into this. dennis kucinich a former democratic congressman from ohio. we say former. it is just this year. first session of congress in a long time. >> last wreak. jon: just since last week you haven't been there. what is the solution here? >> well, no, yes, we do need to have a disinmr. ed approach to spending, there's no question about that and things are out of control. when you look at the fact that the national debt in 2002 was about the $6.2 trillion. now it is headed towards 16.4. we can no longer handle this just by talking about cutting spending. we have to go and look at the struc
jon: new information on the showdown in washington now over our nation's debt ceiling. take a live look at the national debt clock already over the limit. lawmakers have a few more weeks to get the whole issue sorted out before the government can no longer write checks to pay its bills. president obama insisting he will not negotiate on this. republicans are refusing to budge. and the clock keeps ticking and climbing. let's talk about it now with a man who spent a lot of time looking into this....
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the next dire circumstance you're going to hear us talking about around here is the debt ceiling, which, make no mistake, has the capacity to crash the u.s. economy. so wouldn't it be just like the current thinking in washington and the cast of characters there if they could mint a coin they could spend that could solve the problem. believe it or not, some serious people are asking, why not? our report tonight from nbc's kevin tibbles. >> one fight down is another taken up. >> reporter: deadlock in washington? again? >> take all the fights we had, and put them all in one fight. >> some are even threatening another government shutdown. >> reporter: how to solve it. ♪ what if we simply minted a platinum trillion-dollar coin? not entirely new, the trillion-dollar bill was introduced on "the simpsons." >> ooh, a trillion-dollar bill, that's a spicy meatball. >> reporter: still it is an idea getting a lot of currency online. petition with more than 6,000 signatures and nobel prize winning economist paul krugman says the president should be ready to mint that coin. in theory the treasury wo
the next dire circumstance you're going to hear us talking about around here is the debt ceiling, which, make no mistake, has the capacity to crash the u.s. economy. so wouldn't it be just like the current thinking in washington and the cast of characters there if they could mint a coin they could spend that could solve the problem. believe it or not, some serious people are asking, why not? our report tonight from nbc's kevin tibbles. >> one fight down is another taken up. >>...
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some are worried the upcoming fight over the debt ceiling could force the treasury department to delay sending out tax refunds. >>> and on march 1st, the treasury department will stop sending social security checks through the mail. recipients have to switch to electronic payments, either direct deposit or debit card. the change is expected to save taxpayers $1 billion over the next ten years. terrell? >> erica ferrari, thank you so much. >>> coming up next your wednesday morning weather and how lance armstrong allegedly bullied his critics into keeping quiet. scott pelley spoke with the person in charge. living with moderate to severe rheumatoid arthritis means living with pain. it could also mean living with joint damage. help relieve the pain and stop the damage with humira, adalimumab. for many adults with moderate to severe ra humira is clinically proven to help relieve pain and stop joint damage. so you can treat more than just the pain. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as infections, lymphoma or othe
some are worried the upcoming fight over the debt ceiling could force the treasury department to delay sending out tax refunds. >>> and on march 1st, the treasury department will stop sending social security checks through the mail. recipients have to switch to electronic payments, either direct deposit or debit card. the change is expected to save taxpayers $1 billion over the next ten years. terrell? >> erica ferrari, thank you so much. >>> coming up next your...
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ceiling? >> first i would like to thank brent because all of this is great for sales of the book. it shows how you have a republican party that has a large faction, the dominant faction that has moved to the fringes of american politics and compromise is out of bounds for them. for mcconnell there's a real dilemma here that has two components to it. the first is he is up for reelection in 2014 in a state where he is no longer the king maker. he did everything he could to keep rand paul from winning nomination two years ago, and failed miserably. now he has hired paul's campaign manager, has his own campaign manager, but he has to worry a little bit about pressure from the right. and john boehner has pretty much taken himself out of the lead-dog role in negotiating with the administration and that makes it fall back on o'connell for the fiscal issues immigration, probably guns, and a host of other issues where everything that mcconnell does to reach a deal -- look at that fiscal cliff resolutio
ceiling? >> first i would like to thank brent because all of this is great for sales of the book. it shows how you have a republican party that has a large faction, the dominant faction that has moved to the fringes of american politics and compromise is out of bounds for them. for mcconnell there's a real dilemma here that has two components to it. the first is he is up for reelection in 2014 in a state where he is no longer the king maker. he did everything he could to keep rand paul...
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>> stephanie: for the debt ceiling hostage crisis, whatever [ whatever! ] >> yeah, they keep making these artificial rubber sharks for us to be scared of on the universal ride they run us through. here's the next giant -- it has a thing that stops from actually biting you and then goes splash again. they're famous for that kind of stuff. the problem is everyone loves the universal ride. they want to go on it again. no, we don't need to do this ride anymore. a lot of fake stuff coming out of what we need to be worried about. i think a lot of people are waking up to it. >> don't have to worry about the fiscal ice tunnel that spins around. >> stephanie: i think they're going to cave. i think they're bluffing again. made you flinch thing. >> i'm so used to it now i just do this. >> stephanie: josef in buffalo, you're on with rick overton. >> caller: stephanie. hi. i'm a gay born again christian. god bless all of you at current tv. >> stephanie: thank you. >> caller: remember the big tobacco lobby? >> stephanie: yes. >> caller: the big tobacco lobby fell. the
>> stephanie: for the debt ceiling hostage crisis, whatever [ whatever! ] >> yeah, they keep making these artificial rubber sharks for us to be scared of on the universal ride they run us through. here's the next giant -- it has a thing that stops from actually biting you and then goes splash again. they're famous for that kind of stuff. the problem is everyone loves the universal ride. they want to go on it again. no, we don't need to do this ride anymore. a lot of fake stuff...
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they have not only those spending cuts that were delayed as part of the fiscal cliff, they have the debt ceiling to deal with and now these nominations of chuck hagel and john brennan over to the defense department and cia. so now, it is a question of how much time they have, but a lot of people will be watching, does harry reid make that time? >> some states are taking this one step further, proposing state laws that would make it criminal for a doctor like yourself to ask a patient. you could lose your medical license for asking, is that correct? >> yeah, it was even more than that in the original version of the bill down in florida, for example. and there are seven other states like this. the original version is that you could impose jail time for simply asking. so a physician asking a patient about guns could land them in jail, according to the original version. there was a scaled back version that was subsequently put forward, that you could still lose your medical license, you could get financial penalties. that was subsequently overturned by a federal judge, but it's being appeale
they have not only those spending cuts that were delayed as part of the fiscal cliff, they have the debt ceiling to deal with and now these nominations of chuck hagel and john brennan over to the defense department and cia. so now, it is a question of how much time they have, but a lot of people will be watching, does harry reid make that time? >> some states are taking this one step further, proposing state laws that would make it criminal for a doctor like yourself to ask a patient. you...
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he was a key player during the 2011 debt ceiling talks that almost shut down the government. going to have his work cut out for him. democrats and republicans on capitol hill gear up for that battle over extending the debt ceiling with the global embarrassment that serves as economic policy debate in washington these days. i have a hunch tim gheit neeith won't miss taking part in another one of those showdowns. >>> aig made the right decision, the decision not to join a crabby shareholder lawsuit against the u.s. government. probably heard by now about the lawsuit, led by former aig ceo maurice hank greenberg. it claims the terms of the $182 billion government bailout which saved the company possibly planet earth as well from financial meltdown were too harsh. the lawsuit was looking for $25 billion. pretty outrageous. but the board did have a responsibility to take a look at the lawsuit and decide whether or not to join it. the company's board met today and made the right decision. the case will go forward, however. aig won't be a party to it. the government has divested its
he was a key player during the 2011 debt ceiling talks that almost shut down the government. going to have his work cut out for him. democrats and republicans on capitol hill gear up for that battle over extending the debt ceiling with the global embarrassment that serves as economic policy debate in washington these days. i have a hunch tim gheit neeith won't miss taking part in another one of those showdowns. >>> aig made the right decision, the decision not to join a crabby...
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a bigger grand canyon looms ahead, in about two months, as the government reaches its debt ceiling and can't borrow any more money. president obama wants to lift that ceiling. the republicans don't. and it appears we're heading for another "thelma and louise" ride to the edge. remember -- they went over. we'll discuss that possibility next week with paul krugman, the nobel laureate in economics and "new york times" columnist whose bestselling book, "end this depression now!" calls for full employment as an alternative to austerity. read it, then send us the question you would like me to put to paul krugman. meanwhile, another reality beckons and there's a menace more threatening than the fiscal cliff ever was. what should really be scaring the daylights out of us -- the crisis which could make all the others irrelevant -- is global warming. get this one wrong and it's over -- not just for the usa, but for planet earth. that's the message delivered by hurricane sandy, and by almost all the extreme weather of the past two years. and here in the first month of the new year, it's the messa
a bigger grand canyon looms ahead, in about two months, as the government reaches its debt ceiling and can't borrow any more money. president obama wants to lift that ceiling. the republicans don't. and it appears we're heading for another "thelma and louise" ride to the edge. remember -- they went over. we'll discuss that possibility next week with paul krugman, the nobel laureate in economics and "new york times" columnist whose bestselling book, "end this depression...
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and i remember from covering those debt ceiling noish ags that republicans didn't like him very much, wolf. some of them said to me that jack lew kept moving the goal posts on them. yes, there will be opposition. for chuck hagel, no. i believe in the end jack lew will get confirmed. but i'll tell you this, the reason the white house put off the announcement of jack lew until tomorrow is because of the fiscal cliff. they didn't want it to get involved in the negotiations for the fiscal cliff. they felt that they already had a fight on their hands. they didn't want to add any fuel to the fire on that, which is why they've held off of the nomination until this week. they do expect him to get confirmed and so do i. >> john kerry, secretary of state. we've got a lot of white males, shall we say, chuck hagel, we have pictures up there. jack lew, eric holder is over at the justice department. he's not a white male. he's an african-american. but no women. >> men. men. >> i want to put up another picture of the seen yr staff, if you will. there you you he sue the staff. there's been mur murin
and i remember from covering those debt ceiling noish ags that republicans didn't like him very much, wolf. some of them said to me that jack lew kept moving the goal posts on them. yes, there will be opposition. for chuck hagel, no. i believe in the end jack lew will get confirmed. but i'll tell you this, the reason the white house put off the announcement of jack lew until tomorrow is because of the fiscal cliff. they didn't want it to get involved in the negotiations for the fiscal cliff....
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. ♪ [ continues ] [ gasping ] >>> i saw a fascinating report about the debt ceiling on cnn. take a look at this. >> in the coming weeks congress will once again grapple with america's spiraling national debt currently around $16 trillion. the exact figure is calculated constantly by the national debt clock, a clock, costing nearly $4 bill per day to operate the national debt clock is the cause of most of the national debt. more news after this. >> i didn't know that. $4 billion to operate the clock. >> that's why letterman said let's just unplug the clock and we'll solve the whole debt problem. very, very funny. >>> now to a story that's not so funny and causing a lot of concerns. boeing's groundbreaking 787 dreamliner was delayed for years because of produced trouble. now the company is dealing with two new 787 incidents in the past two days. >> boeing's stock is falling after the latest problems with the dreamliner. as mark strassmann reports, one of those jets sprung a leak yesterday before takeoff. >> reporter: as the boeing 787 dreamliner taxied to the runway approximat
. ♪ [ continues ] [ gasping ] >>> i saw a fascinating report about the debt ceiling on cnn. take a look at this. >> in the coming weeks congress will once again grapple with america's spiraling national debt currently around $16 trillion. the exact figure is calculated constantly by the national debt clock, a clock, costing nearly $4 bill per day to operate the national debt clock is the cause of most of the national debt. more news after this. >> i didn't know that. $4...
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the fiscal cliff deal in the con test of that dialogue and the need to raise the debt ceiling and focus on spending cuts, it will be interesting over the next few weeks to see where corporate tax reform falls out of that conversation. >> i'll make my way over here in a moment. >> david -- [inaudible] can you tell us what is your top legislative priority this year? >> we have a lot of priorities. as i mentioned in the earlier comments, the first one is to encourage government and policy makers to do no harm. if we look at the game-changing opportunity that occurred at the energy area particularly in oil and natural gas today, it's revolutionary truly. our first council as we look to the priority is to say don't do anything that would discourage that investment and economic. when we look at priority we look at regulatory regime. we look to the congress and say what else can we do to open other area of access. we're not talking about national park or sensitive areas. we're talking about areas that have potential for vast oil and natural gas development. the industry would be prepared to in
the fiscal cliff deal in the con test of that dialogue and the need to raise the debt ceiling and focus on spending cuts, it will be interesting over the next few weeks to see where corporate tax reform falls out of that conversation. >> i'll make my way over here in a moment. >> david -- [inaudible] can you tell us what is your top legislative priority this year? >> we have a lot of priorities. as i mentioned in the earlier comments, the first one is to encourage government...